Tag: cut
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Japan PM says won’t rule out debt issuance to fund tax cut
TOKYO, Oct 19 : Japanese Prime Minister Sanae Takaichi said on Monday she would not rule out the chance of issuing bonds to fund a two-year cut to the country’s consumption tax scheduled from April next year.The government will seek to stably lower the ratio of debt balance to gross domestic product (GDP) by
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TomTom to cut 200 jobs in reorganisation, targets €21 million in savings
Oct 15 : Dutch digital mapping specialist TomTom NV said on Thursday it would cut 200 jobs globally as part of a reorganisation expected to generate annualised savings of about €21 million ($23.6 million).The company, which has been investing lately in its new mapping platform, TomTom Orbis, is gradually sh
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Netflix to cut 1,000 jobs as subscriptions slow
The cuts – the steepest since 2022 – equates to around 6% of its total workforce worldwide.
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Netflix plans to cut 5% of its workforce, Puck News reports
Oct 9 : Netflix is planning to cut about 5 per cent of its workforce, with an announcement expected as early as next week, Puck News reported on Friday, citing people familiar with the matter.Netflix declined to comment on the report.• The streaming giant’s last major round of layoffs came in 2022,
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Ethiopia war: Internet disrupted in Tigray
During the two-year civil war in Tigray, the region was totally cut off from the outside world.
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Germany news: Bundestag approves fuel tax cut in bid to push down gas prices
German lawmakers hope to drive down fuel prices by cutting taxes on gas and diesel from October 1. Meanwhile, students in many cities are set to protest against military conscription. DW has the latest.
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Thailand considering oil tax cut, finance minister says
BANGKOK, Sept 21 : Thailand is considering an oil tax cut, Finance Minister Ekniti Nitithanprapas said on Monday.• Ekniti said cutting the excise tax on fuel would help ease the cost-of-living burden on the public caused by the energy crisis.• The tax cut is being considered because almost all oth
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Japan to sidestep funding in tax cut outline, keep fiscal concerns alive
TOKYO, Sept 15 : Japan’s government is set to finalise on Tuesday an outline for a consumption tax cut and payouts to households with no mention of how to fund the measures, a move that may keep alive market concerns over the nation’s already strained finances.The cabinet approval of the tax cut outline would
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Japan to sidestep funding in tax cut outline, keep fiscal concern alive
TOKYO, Sept 15 : Japan’s government is set to finalise on Tuesday an outline for a consumption tax cut and payouts to households with no mention of how to fund the measures, a move that may keep alive market concern over the nation’s already strained finances.The cabinet approval of the tax cut outline, expec
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Volkswagen
German carmaking giant Volkswagen is reeling from a massive sales and cost crisis and falling profits. It says it plans to scrap four plants and up to 100.000 jobs in Germany.
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